Curated News
By: NewsRamp Editorial Staff
August 21, 2025
TBC Bank Acquires OLX Uzbekistan in Landmark Digital Expansion Deal
TLDR
- TBC Bank Group gains access to 5.4 million monthly users through OLX Uzbekistan acquisition, expanding its digital ecosystem and market dominance in Central Asia.
- TBC formed a joint venture with Titan Investments to acquire 100% of OLX Uzbekistan, with TBC owning 50% plus one share and Titan the remainder.
- This acquisition integrates digital banking with classifieds to make financial services more accessible and convenient for over half of Uzbekistan's population.
- TBC's acquisition of OLX Uzbekistan marks one of the largest M&A deals in the country's tech sector in 30 years, creating a powerful digital ecosystem.
Impact - Why it Matters
This acquisition represents a significant development in Central Asia's digital transformation, particularly for Uzbekistan's growing tech sector. For consumers, it means enhanced digital services as banking and classifieds platforms integrate, creating more seamless financial and lifestyle solutions. The deal accelerates digital inclusion in a region where internet penetration is rapidly increasing, potentially lowering costs and improving access to financial services for millions. For investors, it signals growing confidence in Uzbekistan's digital economy and sets a precedent for future tech investments in Central Asia. The partnership between established financial institutions and digital marketplaces could reshape how emerging markets approach financial technology integration.
Summary
TBC Bank Group, the London-listed financial services powerhouse operating in Georgia and Uzbekistan, has made a strategic move to acquire a majority stake in OLX Uzbekistan from Prosus, one of the world's largest technology investors. This landmark deal, among the most significant M&A transactions in Uzbekistan's history over the past 30 years, gives TBC access to OLX UZ's massive user base of 5.4 million monthly active users and 2.2 million active listings, making it the country's sixth-most visited website and a leading marketplace for services, goods, vehicles, and real estate.
The acquisition was structured through a joint venture with Titan Investments, an international investment holding company backed by top-tier institutional investors, family offices, and sovereign wealth funds from the Middle East. TBC Bank Group will own 50% plus one share in the JV, while Titan Investments holds the remaining stake. This partnership combines TBC's digital banking expertise with Titan's successful track record in scaling high-growth digital companies and online classifieds platforms, creating a powerful synergy for market expansion.
Nika Kurdiani, CEO of TBC Uzbekistan, emphasized that this acquisition represents the next logical step in their expansion strategy, enabling them to reach new customer segments and increase their share of customer attention. The integration will allow TBC to leverage OLX Uzbekistan's established brand and massive user base while developing new digital banking products and services. This move follows TBC's recent acquisition of BILLZ retail management SaaS platform, further strengthening their market-leading position in Uzbekistan's rapidly growing digital economy.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, TBC Bank Acquires OLX Uzbekistan in Landmark Digital Expansion Deal
